White Plains, NY & New York, NY — (January 4, 2010) — Stark Business Solutions, Inc., which offers premium turn-key, flexible executive offices and virtual office services for successful professionals and entrepreneurs, has acquired certain business center assets of Lincoln Suites, Inc. located at One Grand Central Place (formerly known as The Lincoln Building) at 60 East 42nd Street. This represents Stark’s first New York City location.
Lincoln Suites occupies over 24,000-square-feet (two full tower floors) in the heart of New York City, with in-building access to Grand Central Terminal, providing quick and convenient access to anywhere in the City. The 55-story office tower recently underwent an $85 million renovation. In addition to a first-rate building with a magnificent lobby, clients enjoy unobstructed views of Manhattan from the tower’s 46th and 47th floors.
With the addition of Lincoln Suites, Stark adds another impressive office location to its 58,000 total square-feet of premium executive office suites in White Plains, Scarsdale Village, Mount Kisco and Harrison locations. Stark’s Manhattan location will offer many of the same amenities found in its Westchester locations, including premium full-time and virtual office options, multiple conference room venues and state-of-the-art technology including a complete fiber-optic solution.
Since its establishment in 2004, Stark has grown significantly. Stark currently has more than 300 clients, and has experienced a 25% increase in revenues in 2009.
“Expanding to New York City was a strategic decision that we know will greatly benefit our Westchester clients, many of whom frequently conduct business in the City and will take advantage of the added services, including a desirable Manhattan phone number, address and meeting space,” said Adam Stark, president of Stark Business Solutions. “At the same time, we believe our solution will enhance the strong offering that Lincoln Suites clients are currently receiving by providing them with advanced technology and enhanced service offerings. We look forward to building on the solid foundation of Lincoln Suites and believe its clients are an excellent addition to the Stark community.”
Peter Rosten, president of Lincoln Suites, said: “In the past several months we considered many companies to partner with. We are confident that we made the best decision for our clients and our brand by selecting Stark Business Solutions. The quality and professionalism that Stark represents will position Lincoln Suites and its clients to thrive.”
Ben Blumberg, Partner and Executive Vice President, Stark Business Solutions, said: “Stark is more than just customizable office space. We strive to create a community in which successful professionals and entrepreneurs can network, build relationships and grow their business. The Lincoln Suites and Stark cultures are similar and we are excited to see the synergies between them.”
Yoav M. Cohen of NYC Advisors, LLC was the investment banker on this deal.
The Stark Office Suites in Scarsdale Village is located at 2 Overhill Road. The Stark Office Suites in White Plains is located at 445 Hamilton Ave. The Stark Office Suites in Mount Kisco is located at 100 South Bedford Road. The Stark Office Suites in Harrison is located at 500 Mamaroneck Avenue. Stark Office Suites in Manhattan is located at One Grand Central Place, 60 East 42nd Street. For additional information, call 914.428.0500, 212.697.1400 or visit www.StarkBusinessSolutions.com.
About Stark Business Solutions: Stark Business Solutions enables entrepreneurs and professionals to establish and maintain a polished professional image without the cost and commitment of a traditional office and staff. Stark offers premium turn-key full-time and virtual office options, multiple conference room venues and state-of-the-art technology including a complete fiber-optic solution. All Stark Office Suites are conveniently located close to major area highways and Metro-North train stations. Stark operates five premium office suites including one location in Manhattan at One Grand Central Place as well as four Westchester locations in White Plains, Mount Kisco, Harrison and Scarsdale Village.